MARA Sells 23,093 BTC for $1.6 Billion in First Half

Bitcoin miner MARA has made significant sales of its holdings in the first half of this year, according to on-chain analytics firm Lookonchain. The company sold a total of 23,093 BTC for approximately $1.6 billion during this period. Looking at the average sale price, it's clear that MARA was able to secure a healthy profit from its sales, with an average price per Bitcoin of $70,631.

While MARA did liquidate a substantial portion of its holdings in the first half, the company still retains 35,577 BTC, which are currently valued at around $2.3 billion. This suggests that despite the significant sales, MARA remains a major player in the Bitcoin market.